How Have Alcohol Sales Been Impacted Since Cannabis Legalization? You’d Be Surprised

Cannabis legalization has concerned many businesses as the thought of a new industry cutting into their profits becomes a valid possibility.Alcohol companies in particular were worried that the debut of legal retail cannabis in Colorado and Washington would result in a sales dip. But has it?

Quite the contrary, actually. Since Colorado legalized recreational cannabis 18 months ago, alcohol sales have “seen phenomenal growth,” according to Justin Martz, the owner of a wine and spirits store in Denver:

“…it’s really turned out to be a non-issue … if anything else it’s kind of helped us. A high tide lifts all boats.”